The AP Productivity Index is the first tool of its kind to gauge the impact of AP metrics such as operations costs, staff productivity, turnaround time, and error rates. Developed by the Institute of Financial Operations (IFO), PRGX Global, Inc. (PRGX), and APQC, the AP Productivity Index is a unique, actionable tool for helping CFOs and AP leaders play a more informed role in advancing their organizational objectives.The objective of the AP Index is to provide a method for reporting and analyzing key AP performance indicators and a way for business users to track and improve their performance with current, results.
Reliable benchmarking data is critical to making a successful business case. IAPP is internationally recognized as a trustworthy guidance-setting organization for AP, AR, payments, and document automation professionals. PRGX, a business analytics and information services firm, is providing financial support and subject matter expertise for the index. APQC, one of the world's leading proponents of performance and process improvement, is providing exclusive data for the index, as well as technical and analytic assistance.
There are several questions highlighted in red that are required for the AP Index to be calculated for your organization. Do not skip these questions or a report will not be made available for your organization. All other questions, although not required, are important to increase the overall utility of the index and to create peer groups for comparison purposes. In addition to the AP Productivity Index, if your organization completes the additional questions APQC will provide you a customized benchmarking report that compares your responses to other participants. This report is a valuable benchmarking tool that can be used to identify areas of success and needed improvement to make your organization more competitive.
All data provided in this survey will remain confidential. Please refer to APQC's privacy statement for more details relating to the collection and use of your organization's information. The following page provides instructions on how to use APQC's survey system, so please take a a minute to review.